Mangalam Worldwide Ltd
Incorporated in 1995, Mangalam Worldwide Ltd manufactures and trades steel products and other merchandise. It also provides consultancy service[1]
- Market Cap ₹ 314 Cr.
- Current Price ₹ 128
- High / Low ₹ 160 / 106
- Stock P/E 17.7
- Book Value ₹ 62.5
- Dividend Yield 0.78 %
- ROCE 9.46 %
- ROE 14.2 %
- Face Value ₹ 10.0
Pros
- Promoter holding has increased by 2.08% over last quarter.
Cons
- Tax rate seems low
- Company might be capitalizing the interest cost
- Working capital days have increased from 40.2 days to 69.2 days
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Steel Industry: Steel - Medium / Small
Half Yearly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
|---|---|---|---|---|
| 302 | 522 | 644 | 764 | |
| 297 | 510 | 625 | 734 | |
| Operating Profit | 6 | 12 | 19 | 30 |
| OPM % | 2% | 2% | 3% | 4% |
| 0 | 10 | 5 | 1 | |
| Interest | 2 | 2 | 3 | 8 |
| Depreciation | 0 | 1 | 5 | 7 |
| Profit before tax | 4 | 19 | 15 | 16 |
| Tax % | 26% | 33% | -8% | |
| 3 | 12 | 16 | 18 | |
| EPS in Rs | 833.33 | 6.88 | 6.65 | 7.24 |
| Dividend Payout % | 0% | 15% | 15% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
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| 3 Years: | % |
| TTM: | 24% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 186% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -5% |
| Return on Equity | |
|---|---|
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| 5 Years: | % |
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| Last Year: | 14% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
|---|---|---|---|---|
| Equity Capital | 0 | 18 | 24 | 24 |
| Reserves | 13 | 27 | 110 | 129 |
| 17 | 47 | 86 | 114 | |
| 17 | 30 | 37 | 62 | |
| Total Liabilities | 47 | 123 | 258 | 330 |
| 2 | 51 | 91 | 90 | |
| CWIP | 0 | 0 | 0 | 4 |
| Investments | 5 | 4 | 3 | 4 |
| 40 | 68 | 164 | 231 | |
| Total Assets | 47 | 123 | 258 | 330 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|
| 6 | 2 | -68 | |
| -1 | -40 | -38 | |
| -4 | 43 | 113 | |
| Net Cash Flow | 1 | 4 | 7 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|
| Debtor Days | 12 | 11 | 30 |
| Inventory Days | 42 | 31 | 47 |
| Days Payable | 27 | 16 | 9 |
| Cash Conversion Cycle | 27 | 26 | 67 |
| Working Capital Days | 26 | 25 | 69 |
| ROCE % | 17% | 9% |
Business Overview:[1][2]
MWL is promoted by Ahmedabad based Mangalam Group. It is an ISO-9001:2015, ISO-14001:2015, ISO 45001:2018, QMS certified multi location, fully integrated Stainless Steel Mill where it does manufacturing and trading of steel products.